Samsung SDI has made one of the largest research and development (R&D) investments in Hungary’s history, opening a State-of-the-Art R&D Center in Göd. “This clearly shows that the strategy of opening up to the East has now entered a whole new dimension,” the Minister of Foreign Affairs and Trade said on Wednesday in Göd (town north of Budapest). At the opening of Samsung SDI’s new R&D center, Péter Szijjártó reported that the South Korean company’s investment of approximately 22.5 billion forints (56 million euros) is aimed at process development in battery production. The Hungarian Government supported the project with 5.5 billion forints (14 million euros), thereby contributing to the creation of numerous high-quality jobs that require sophisticated engineering skills. The investment is intended not only to further increase the capacity and safety of lithium-ion batteries, but also to significantly improve the cost-effectiveness and sustainability of production.
Samsung SDI, present in Hungary since 2018, works closely with the country’s leading technical universities, the Minister recalled. This contributes to the modernization of domestic higher education, he added. As an example, Szijjártó cited the collaboration with Obuda University and the Budapest University of Technology and Economics (BME) on this current project. One of Samsung SDI’s five global R&D centers is now located in Göd, he emphasized. The Minister stressed that a total of 65 major R&D investments have come to Hungary over the past ten years. These have contributed significantly to transforming the Hungarian economy and putting the domestic automotive industry on the world map not only as a production location, but also as a center of innovation, he added.
Source: Hungary Today
